Accounting Discrepancies Sample Clauses

Accounting Discrepancies. Executive shall be subject to any policy adopted by the Company after the Effective Date which is applicable to senior executives of the Company generally and which requires restitution by such an executive with respect to any payment made or benefit provided to, or on behalf of, such an executive, the calculation of which is based in whole or in part on accounting discrepancies or erroneous financial information.
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Accounting Discrepancies. If any audit or inspection made by or on behalf of City discloses any discrepancy in any statement(s) of Parking Rates Revenues of the Parking Facility and/or in the amount of any sums of money actually deposited in the City designated account(s) or owed, Manager immediately shall pay the sum of money owed to City, plus a service charge of one- half percent (1 ½%) per month of the sum of money owed, or prorated for a portion thereof, from the date the sum should have been paid to City to the date payment is made to City. In addition, if an audit or inspection discloses a single cumulative discrepancy in excess of two percent (2%) of the amount previously paid by Manager to City for the monthly period in question, Manager immediately shall pay to City the cost of the audit and/or inspection. The cost of the audit and/or inspection shall include all reasonable direct and indirect costs incurred by the City, including but not limited to salary and administrative overhead (as determined by the City) costs of City, charges for consultants, materials, equipment, and supplies.
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Accounting Discrepancies. If any audit or inspection made by or on behalf of City discloses any discrepancy in any statement(s) submitted by Manager pursuant to Section 5.6 and/or in the amount of any sums of money actually paid to the City in favor of the City, Manager immediately shall pay the sum of money owed to City, plus interest equal to an amount as set forth in Subsection 5.6(d), from the date the sum should have been paid to City to the date payment is made to City. In addition, if an audit or inspection discloses a cumulative discrepancy in excess of ten percent (10%) of the amount previously paid by Manager to City for the monthly period in question, Manager immediately shall pay to City the cost of the audit and/or inspection. The cost of the audit and/or inspection shall include all reasonable out of pocket costs incurred by City to do the audit and inspection. Payment of the penalty and cost of the audit are, at the option of the City, in addition to other remedies available for defaults in accordance with Subsection 5.6(d).
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Related to Accounting Discrepancies

  • Accounting Matters Unless otherwise stated, all accounting terms used in this Agreement shall have the meanings attributable thereto under IFRS and all determinations of an accounting nature required to be made hereunder shall be made in a manner consistent with IFRS.

  • VALUATION SUPPORT AND COMPUTATION ACCOUNTING SERVICES BNY Mellon shall provide the following valuation support and computation accounting services for each Fund:  Journalize investment, capital share and income and expense activities;  Maintain individual ledgers for investment securities;  Maintain historical tax lots for each security;  Corporate action processing as more fully set forth in the SLDs;  Reconcile cash and investment balances of each Fund with the Fund’s custodian or other counterparties as applicable;  Provide a Fund’s investment adviser, as applicable, with the cash balance available for investment purposes at start-of-day and upon request, as agreed by the parties;  Calculate capital gains and losses;  Calculate daily distribution rate per share;  Determine net income;  Obtain security market quotes and currency exchange rates from pricing services approved by a Fund’s investment adviser, or if such quotes are unavailable, then obtain such prices from the Fund’s investment adviser, and in either case, calculate the market value of each Fund’s investments in accordance with the Fund's valuation policies or guidelines; provided, however, that BNY Mellon shall not under any circumstances be under a duty to independently price or value any of the Fund's investments, including securities lending related cash collateral investments (with the exception of the services provided hereunder to Funds utilized for such cash collateral investments), itself or to confirm or validate any information or valuation provided by the investment adviser or any other pricing source, nor shall BNY Mellon have any liability relating to inaccuracies or otherwise with respect to such information or valuations; notwithstanding the foregoing, BNY Mellon shall follow the established procedures and controls to identify exceptions, tolerance breaches, etc. and to research and resolve or escalate any pricing inaccuracies;  Application of the established automated price validation rules against prices received from third party vendors and review of exceptions as identified;  Calculate Net Asset Value in the manner specified in the Fund’s Offering Materials (which, for the service described herein, shall include the Fund’s Net Asset Value error policy);  Calculate Accumulated Unit Values (“AUV”) for select funds as mutually agreed upon between the parties;  Transmit or make available a copy of the daily portfolio valuation to a Fund’s investment adviser;  Calculate yields, portfolio dollar-weighted average maturity and dollar-weighted average life as applicable; and  Calculate portfolio turnover rate for inclusion in the annual and semi-annual shareholder reports.  For money market funds, obtain security market quotes and calculate the market-value Net Asset Value in accordance with the Fund’s valuation policies and guidelines at such times and frequencies as required by regulation and/or instruction from TRP.

  • Other Accounting Reports Promptly upon receipt thereof, a copy of each other report or letter submitted to the Borrower or any of its Subsidiaries by independent accountants in connection with any annual, interim or special audit made by them of the books of the Borrower or any such Subsidiary, and a copy of any response by the Borrower or any such Subsidiary, or the Board of Directors of the Borrower or any such Subsidiary, to such letter or report.

  • General Accounting Matters (a) GP-Related Net Income (Loss) shall be determined by the General Partner at the end of each accounting period and shall be allocated as described in Section 5.4.

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